Jan Strycharz, Economic Analyst at Foundation Project: Poland, Digital Center is presenting the economic potential of data analytics. The expert report on this issue can be found here: http://project.futuretdm.eu/wp-content/uploads/2016/12/FutureTDM_D5.2-Trend-analysis-future-applications-and-economics-of-TDM.pdf

1. OpenDataMonitor
Horizon 2020
Coordination and Support Action
GARRI-3-2014 Scientific Information in the Digital Age: Text and Data Mining (TDM)
Project number: 665940
TDM – Economic Opportunity
FutureTDM
Reducing Barriers and Increasing Uptake of Text and Data Mining for Research Environments
using a Collaborative Knowledge and Open Information Approach
Jan Strycharz
13th June 2017

2. TDM & Big Data
2FutureTDM

3. Value is KEY
3

4. The Meaning of Value
4

5. 5
Translating data…
Under-
standing
Selecting
Prepro-
cessing
Transfor-
mation
Choosing the
method
Exploring
Discovering
patterns
Interpreting
…into action
TDM Process

6. Types of Data Analyzed #1
6

7. Types of Data #2
7

8. What for?
8

9. How Much - Market
9
Europe 2016 2021
Big Data 9.4 B USD 29.4 B USD
TDM 2.5 B USD 10.3 B USD
World 2016 2019
Big Data 26 B USD 48 B USD
TDM 7 B USD 17 B USD

10. How Much – Economic Impact
10

11. 11

12. Value
12
1:5
1:11

13. How much – Economic Impact
13

14. Obstacles
14

15. Organizational Culture – Data Savvy
15

16. People challenge
16
EDUCATING – THANK YOU!